1. Prepare a Business Report as if for senior management why the materials price variance should be calculated on purchase, other areas in an organisation where variance analysis would be useful and the practical relevance of detailed overhead variance analysis. See the reading by Murray Wells. Search the CSU library for the ACC512 readings. Suggested word limit about 500 words. Ensure that your answer is in business report format. Read the following online references regarding business report writing.
2. Write a business report describing budgeting as a non technical process. Refer to satisficing, budgeting as a political process and budget ploys. Give examples. About 500 words excluding references. Use the Internet as a reference AND refer to one or more relevant academic research paper. See the text page 249.
Find a humorous cartoon image relevant to budgeting on the web. Paste the image in your assignment and provide a brief explanation of the image.